The Business Times, 29 May 2012

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Microfilm: NL32011
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, May 29, 2012
    25 words
  • Article, Illustration
    Lock icon Time comes full circle as Sincere’s sold again
    809 1  -  Sale to Hong Kong billionaire goes through as Tay sells company a second time By CHUANG PECK MING [SINGAPORE] Hong Kong billionaire Chu Yuet-Wah has a sparkling old jewel on h e r h a n d s S i n g
    FILE PHOTO  -  809 words
  • Article
    Lock icon End of universal set-top box dream hurts M1
    634 1  -  Telco disappointed as plans for a standardised box are scrapped By VICTORIA HO [SINGAPORE] Hold on to those remotes. You will not be getting a universal set top box after all. The IDA (Infocomm Development Authority) and MDA (Media Development Authority) have
    634 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      108 1 GST INDEX 2,787.22 (+14.47) GST INDEX FUTURES 2,787 (+14) GSIMSCI 318.54 (+1.47) GSIMSCI FUTURES 318.20 (+0.80) us$ s$ US$ (S$ per US$) 1.276 (US$/S$ per 1.570 2.003 EURO (US$/S$/E) 1.259 1.606 Foreign currency per US$ S$ YEN 79.40 62.20 RM 3.145 2.464 HK$ 7.762 6.083 BAHT 31.61 24.77 RUPIAH
      108 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.563 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
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  • TOP STORIES
    • Article
      Lock icon NUS small apartment sub-index dips in April
      572 2  -  Overall Residential Price Index increases 0.8 per cent month-on-month By MINDY TAN [SINGAPORE] The tide may be turning for shoebox apartments, even as the prices of private resale homes continue to inch upwards in April. According to the NUS Singapore Residential Price Index
      572 words
    • Article, Illustration
      Lock icon Ownership cap will fragment banking sector
      443 2 DBS CEO says move counter-productive to growing industry Reuters [JAKARTA] A possible bank ownership cap ruling by Indonesia would be counterproductive to the banking industry and would fragment it, the chief executive of DBS Group Holdings, South-east Asia’s biggest lender, said yesterday. DBS CEO
      – Reuters; REUTERS  -  443 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      419 2 Sincere Watch changes hands again HONG Kong billionaire Chu Yuet-Wah has a sparkling old jewel on her hands Singaporebased luxury watch chain Sincere Watch. Mrs Chu, 53, paid $232 million for 75 per cent of the issued capital of the Hong Kong-listed Sincere. Yesterday she made a mandatory
      419 words
    • Article
      Lock icon Switch to interest rate policy as inflation tool debated again
      579 2  -  By TEH SHI NING [SINGAPORE] Singapore may need to rethink its choice of the exchange rate as its monetary policy tool, some economists argued yesterday. Interest rates which most other economies use to conduct monetary policy, could prove more effective
      579 words
    • Article
      Lock icon S’pore urged to look at better bus connections
      515 2  -  By SAMUEL EE [SINGAPORE] A narrow view of transport alternatives and an overemphasis on traffic speeds overlook the advantage of a simpler, more “connective” bus network, participants of the 17th Singapore Economic Roundtable were told yesterday. A “connective” rather than a “direct”
      515 words
    • Article
      Lock icon Correction
      55 2 IN “Hyflux faces 20% cost increase at new Tuas plant”, we gave the wrong year, 2014, that its Tuaspring desalination plant would be operational given the late award of the facility’s power portion. Hyflux has pointed out that Tuaspring is “presently still scheduled to commence operations in 2013”. We
      55 words
    • Article
      Lock icon MF Global S’pore customers likely to get back most of their money
      822 2  -  Creditors not so fortunate, with an expected payback of about 60% By KENNETH LIM [SINGAPORE] The biggest mark that MF Global will leave on the financial world could well be a scar on the segregated account. Scores of
      822 words
    • Article
      Lock icon Ethics bearing brunt of tougher economic climate
      716 3  -  More senior execs willing to bribe, mis-state financial performance: E&Y By LYNETTE KHOO [SINGAPORE] More senior executives are throwing ethics out the window as they come under pressure to meet revenue targets in the current economic climate. An Ernst Young survey has found
      716 words
    • Article
      Lock icon Petronas, Canadian firm in US$1 b oil production deal
      485 3  -  Joint venture gets incentives for more challenging fields By S JAYASANKARAN in Kuala Lumpur MALAYSIAN national oil firm Petroliam Nasional, or Petronas, yesterday signed a US$1 billion production sharing contract (PSC) with the local unit of Cana-da-based Talisman Energy to develop
      485 words
    • Article
      Lock icon Jetstar CEO making career switch; joining skin-care firm
      336 3  -  By VEN SREENIVASAN [SINGAPORE] He has been running an airline, but outgoing Jetstar CEO Bruce Buchanan’s career is now going on a very different track. Mr Buchanan is joining Vanessa Megan an Australian natural and organic skin-care company which he and his
      336 words
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      47 3 A//j> Europe's Best Airline r r BUSINESS CLASS Full flat-bed seats, best in-flight entertainment and Flying Chef service. Fly to more than 200 destinations via Istanbul with our A330-300 and B777-300 ER aircraft. turkishairlines.com 6732 4556 A STAR ALLIANCE MEMBER V>~ Dining room. Living room. Bedroom. AIRLINES
      47 words
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  • COMPANY NEWS
    • Article
      Lock icon Tianjin Zhong Xin proposes divestment to restructure
      448 4  -  By AUDREY TAN PHARMACEUTICAL company Tianjin Zhong Xin Pharmaceutical Group Corporation has proposed a business restructuring plan and is putting this up to a vote at an extraordinary general meeting (EGM) on June 12. The China-based company plans to divest itself of two
      448 words
    • Article
      Lock icon Tougher rules proposed for highly leveraged products
      469 4  -  MAS wants to better protect retail investors, avoid another MF Global By SIOW LI SEN THE Monetary Authority of Singapore yesterday proposed tougher rules for sellers of highly leveraged products in a bid to prevent another MF Global scandal. The proposed measures aim
      469 words
    • Article
      Lock icon Demand for warranty insurance rises: Marsh
      342 4  -  Insurance broker expects M&As in Asia to pick up By EMILYN YAP ROBUST merger and acquisition (M&A) activity is showing up in higher demand for warranty and indemnity (W&I) insurance in Asia, says insurance broker Marsh. W&I insurance a relatively new product in the
      342 words
    • Article, Illustration
      Lock icon Rule clarity will help seal deal on towers: Reliance
      527 4 Reuters [NEW DELHI] A year after Reliance Communications said it had received several offers for its towers business, India’s No. 2 mobile phone carrier by users said yesterday that regulatory clarity would help push a deal along. Reliance Communications, controlled by
      Reuters; BLOOMBERG  -  527 words
    • Article, Illustration
      Lock icon Boustead reverses loss with $32.4m profit in Q4
      388 5  -  By NISHA RAMCHANDANI BOUSTEAD Singapore swung to a net profit of $32.43 million for the fourth quarter ended March 31, 2012, from a loss of $1.04 million in the corresponding quarter last year. The fourth-quarter loss was due to provisions made for
      388 words
    • Article
      Lock icon Strong crane rental lifts Tat Hong net gain by 63%
      506 5  -  ‘Tremendous opportunities’ in region to keep Tat Hong going this year By JASMINE NG CRANE specialist Tat Hong Holdings’ fourth-quarter net profit has almost quadrupled year-on-year to $11.19 million. All four of its core business divisions recorded sales growth, resulting
      506 words
    • Article
      Lock icon SGX, CFA S’pore to run investment forum series
      311 5  -  By CAI HAOXIANG SINGAPORE Exchange (SGX) and CFA Singapore (CFAS) will jointly run a two-year series of investment forums from July to promote investment and build greater trust in the financial planning industry. The forums will be delivered by prominent CFA holders
      311 words
    • Article
      Lock icon Shanghai futures bourse may open trade to foreign investors
      303 5 Bloomberg [SHANGHAI] The Shanghai Futures Exchange may establish overseas warehouses and open contracts to foreign investors, boosting competition with the London Metal Exchange, the world’s biggest marketplace for industrial metals. The bourse, China’s second-largest, plans to start crude oil futures trading
      – Bloomberg  -  303 words
    • Article, Illustration
      Lock icon Sembcorp’s Oman project passes test
      315 8  -  The US$1 b water and power plant will start full commercial operations By GLENN CHOO SEMBCORP’S 60 per cent joint venture with Oman Investment Corporation and Instrata Capital, Sembcorp Salalah Power and Water Company, has completed the acceptance test for its US$1 billion Salalah independent
      315 words
    • COMPANY BRIEFS
      • Article
        Lock icon Sunpower unit wins 25.3m yuan dry gas-holders deal
        79 8 SUNPOWER Group’s subsidiary, Jiangsu Sunpower Technology, has secured a 25.3 million yuan (S$5.1 million) contract to supply two dry gas-holders and provide accompanying services. The two dry gas-holders, with a capacity of 20,000 cubic meters, will be used for a calcium carbide
        79 words
      • Article
        Lock icon Yongmao posts 39.9m yuan Q4 loss despite higher revenue
        142 8 YONGMAO Holdings reported a net loss of 39.87 million yuan (S$8 million) for the fiscal fourth quarter of the financial year ended March 31, 2012, despite a 31.1 per cent increase in revenue to 142.58 million yuan. Additionally, the group made
        142 words
      • Article
        Lock icon SingTel’s Optus unit welcomes customer migration move
        124 8 SINGAPORE Telecommunications Limited's (Singtel) Australian unit Optus has welcomed the approved draft decision by the Australian Competition and Consumer Commission (ACCC) to allow the migration of Hybrid Fibre Coaxial (HFC) cable customers to the new National Broadband Network Company. As announced by both
        124 words
      • Article
        Lock icon Yuexiu sells Guangzhou IFC to affiliated Reit
        163 8 CHINESE developer Yuexiu Property has sold the Guangzhou International Finance Centre into its affiliated real estate investment trust for 8.85 billion yuan (S$1.8 billion). The transaction subscription monies US$9,999 will be satisfied in cash and financed by a new bank facility while the
        163 words
    • Article
      Lock icon HK mulls class action suits as IPO disputes rise
      713 8 Bloomberg [HONG KONG] Hong Kong, where the securities regulator this month proposed introducing civil liability for banks working on initial share sale prospectuses, may also allow class-action lawsuits to help investors seek damages. The city’s Law Reform Commission yesterday recommended legislation
      – Bloomberg  -  713 words
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      Lock icon Page 4 Advertisements Column 1
      300 4 A BANK Imagine a bank where your interests really do come first. Imagine a bank without risky sovereign debt or toxic assets on its balance sheet. Imagine a bank whose owners have personal liability for its actions. Imagine a bank that’s been looking forward for seven generations. Imagine a bank
      300 words
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      Lock icon Page 4 Advertisements Column 2
      20 4 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices BSATa NOTICES CLA/FEB1 1/g
      20 words
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      Lock icon Page 5 Advertisements Column 1
      123 5 OFFICIAL FERRARI IMPORTER SINGAPORE Si. Ital Auto Pte Ltd Evocative Power, Exceptional Financing Leaping from 0 to 10Okm/h in 3.8 seconds, the all-new Ferrari California 30 boasts 30hp more horsepower than before, while weighing 30kg less. Power is unleashed with excellent handling, coupled with minimal body roll and intuitive driver
      123 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI up a little with calmer sentiment
      561 6  -  Market insiders reckon that uncertainties will grind on until the European Summit at the end of June STOCKS VEN SREENIVASAN Senior Correspondent COMING off a difficult week when the spectre of a Spanish banking sector crisis and a potential Greek exit sent markets
      561 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 5 3 0 0 0 9 5 3 Manufacturing 38 38 43 5 3 9 43 41 52 Commerce 26 15 13 4 1 4 30 16 17 Tpt/Stor/Comms 13 15 11
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 7,681 7,681 43,805 43,805 Manufacturing 182,310 29,721 212,031 116,727 1,787 118,514 Commerce 212,769 3,772 216,541 143,816 306 144,122 Tpt/Stor/Comms 67,265 10,082 77,347 127,510 2,820 130,330 Finance 11,206 11,206 113,521 113,521 Construction 68,690 1,909 70,599 15,107
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      125 6 tLudk miiiiiL Clave Oumt^u OziMMUAti* Uas +0,5i1i OmiiUjuiU !.UZ +0.I1J0 oiprt!«MWl ).fOC ♦Oil III QtyPa v ia up fJ.il A' txnr\<cxiiri/*IGn> 1i4/Q, ifiJSIS inggj-p to RAM D 510 vB too OlP WUB0 »0fl«> Gertunq jr* i iJ.ti >0 0:5 fTrifitan Acji i if MS >■0 fUtf
      125 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 May 28 VALUE CLOSE BT OB/OS -452.00 +280.0 BT CADI -*****.00 +26.00 BT 10-day MA -*****.00 -45.00 FTSE ST Mid Cap 644.91 +1.11 FTSE ST Small Cap 421.07 +0.92 FTSE ST All Share 673.96 +3.02 FTSE ST China Top 193.41 +0.31 FTSE ST China 221.73 +0.77 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Sin Heng 76,015,000 NexGenSCom 66,912,000 Thai Beverage 52,687,000 GSH Corp 43,516,000 Noble Grp 37,078,000 Genting SP 36,688,000 Swee Hong 34,021,000 Golden Agri 29,174,000 Olam 26,703,000 SingTel 21,958,000 VALUE($) SingTel 67,517,801 Genting SP 55,731,840 DBS Grp 46,107,480 Olam 44,252,110 Noble Grp 40,235,215 UOB 37,948,522 GLP 29,546,790 Keppel
      58 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      870 6  -  Compiled by CONRAD TAN Commodity trading sector MAYBANK KIM ENG RESEARCH, May 28 YEAR-TO-DATE, the sector has taken a beating, with Wilmar International (“sell”, target price S$3.25) down 26 per cent, Olam International (“sell”, target price S$1.43) down 23 per cent and Noble Group (“buy”, target price S$1.42)
      Source: Bloomberg  -  870 words
    • Article, Illustration
      Lock icon Greek polls support euro but gains seen fleeting
      504 6 CURRENCIES [LONDON] The euro recovered from two-year lows yesterday as Greek opinion polls showed parties that favour sticking with the country’s international bailout deal gaining support, leading investors to cut some of the record bearish bets against the common currency. Most investors
      BlOOMBERG  -  504 words
    • Article
      Lock icon RISES
      107 6 BY CENTS CLOSE UP GLD 10US$ ***** 209.2 1.1 JMH 4982 94.4 1.5 DBXT MSKorea 10US$ 5214 93.1 1.4 DBXT E50 10US$ 3198 51.0 1.3 JSH 3110 39.5 1.0 SIA 200 1052 32.0 3.1 DBXT FTChina25 10US$ 2462 31.9 1.0 DBXT MSBrazil 10US$ 518 17.9 2.8 DBXT MSMSIA 10US$
      107 words
    • Article
      Lock icon FALLS
      133 6 BY CENTS CLOSE DOWN DBXT iBoxxKR 5US$ ***** -76.5 -0.5 Lyxor Europe 10 US$ 1088 -66.3 -4.6 Hyflux 6% CPS 10 ***** -55.0 -0.5 DBXT AUD Bonds 5AU$ ***** -52.8 -0.2 Jardine C&C 4286 -44.0 -1.0 DBXT MSINDO 10us$ 1341 -20.4 -1.2 STXPO 100 510 -20.0 -3.8 GentingSRBeCW*****7 6
      133 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      Lock icon Page 7 Advertisements Column 1
      156 7 Bigger and Better Win in UEFA Size Changes Everything Promotion ends 30 th June GET FREE (LC-70LE735X) 70” LEDTVBUY 1 32” 70” (LC-60LE835X/830M/630M) 60” LED TV BUY 1 GET FREE 32” 1 x 32” LED TV (worth $499) 2 x 32” LED TVs (worth$998) 60” 60” 60” LC-60LE630M LC-60LE830M LC-60LE835X
      156 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      112 8 UNLESS ADVERTISING CONTAINS A A VTll I DC I ll/C A CACUIHM CAR Like you, we believe in the timeless power of the Big Idea. That’s why we’re back to I LL DL LIlXC M CriOnivylM CrtUi rock the creative runway in a bigger and bolder way as the new
      112 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Trans-Cab wins $1 m deposit suit
      663 9  -  It had the right not to complete deal to buy 2 CNG refuelling stations, court rules By GRACE LEONG TRANS-CAB Services Pte Ltd won its case to recover a $1 million deposit after a $25-million deal to buy two compressed natural gas refuelling stations
      663 words
    • Article, Illustration
      Lock icon Upcoming medical school breaks ground
      480 9  -  By NISHA RAMCHANDANI THE Lee Kong Chian (LKC) School of Medicine, a joint venture between Nanyang Technological University (NTU) and Imperial College London, will leverage on its proximity to Tan Tock Seng Hospital and other nearby healthcare facilities to foster hands-on learning. The upcoming medical
      480 words
    • Article
      Lock icon Esplanade CEO Benson Puah diagnosed with cancer
      302 9  -  By GLENN CHOO THE chief executive of The Esplanade Co Ltd and National Arts Council (NAC) Benson Puah, was diagnosed with lymphoma last Thursday. Mr Puah started treatment for his condition yesterday and the treatment will last 16 weeks. This type of cancer
      302 words
    • Article
      Lock icon NUS ranks No 2 in Asia for academic reputation
      370 9  -  By MALMINDERJIT SINGH IF you are considering options for pursuing higher education in Asia, here is one more reason that will weigh in favour of Singapore’s oldest university. The National University of Singapore (NUS) has moved up one place to be
      370 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      540 9 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2011 CITIBANK SINGAPORE LIMITED CITIBANK SINGAPORE LIMITED 2010 S$’000 Equity Share capital Reserves Accumulated profits Total equity attributable to owner of the Bank Liabilities Derivative liabilities Amounts due to intermediate holding company Amounts due to related corporations Deposits of non-bank customers Bills
      540 words
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  • SME Inc
    • Article, Illustration
      Lock icon Smart approach to productivity
      1113 10  -  Educa founder says solve the problem by teaching the young to use both sides of their brain. PANGreports JASLENE PANG INCREASING productivity is an oft repeated mantra, but changing the mindset of workers has to be done when they are younger. In fact, training children to
      1,113 words
    • Article
      Lock icon Framing adversity not just as a challenge but an opportunity
      893 10  -  By OWI KEK HEAN CHIU WU HONG The writers are, respectively, deputy managing partner head and partner of enterprise services at KPMG Singapore ONLY recently, Singapore’s economy seemed like it was headed for brighter days when economic data showed a
      893 words
    • Article
      Lock icon Who’s minding the store?
      1573 11  -  As more scandals rock the financial world, stakeholders are beginning to look closely at who sits in the boardroom, and why COMMENTARY By SCOTT HAMMEN RECKLESS trading of risky financial products. Undisclosed conflicts of interest. Pure greed. All are now-familiar epithets used to describe the causes
      1,573 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      325 10 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School SPRING-NANYANG SMEs Hi-Potential Leadership Programme Developed in collaboration with SPRING Singapore, this leadership programme is designed to empower middle managers to move into senior positions and take on leadership roles in various areas of management. Comprising three modules, the programme covers topics such as
      325 words
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      Lock icon Page 10 Advertisements Column 2
      145 10 HAVE an interesting story on an SME that you would like to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages details like how much the company has grown, and what sort of expansion plans it has, would be
      145 words
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      1501 11 CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF INCOME CITIGROUP INC. AND SUBSIDIARIES CITIGROUP INC. AND SUBSIDIARIES In millions of dollars, except shares Assets Cash and due from banks (including segregated cash and other deposits) Deposits with banks Federal funds sold and securities borrowed or purchased under agreements to resell (including $142,862
      1,501 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Overcominghurdles in the building industry
      1011 12  -  Dependence on low-cost transient foreign workers, the difficulty of attracting locals are obstacles to productivity, reports MINDY TAN CONSTRUCTION reportsMINDY reportsMINDY TAN IT TAKES between eight and 12 days for contractors in Singapore to erect one floor in a typical high-rise building. Hong Kong companies
      BLOOMBERG FILE PHOTO; FILE PHOTO  -  1,011 words
    • Article, Illustration
      Lock icon Where to go
      37 12 Schemes for all sectors: FUNDING WORK PROCESSES IMPROVEMENT WORKFORCE DEVELOPMENT *From 1 Jun 2012, IVS will be expanded and renamed as the Innovation Capability Voucher (ICV) Scheme. Source: National Productivity Continuing Education Council (NPCEC)
      37 words
    • Article, Illustration
      Lock icon Addressing the talent drain
      1059 13  -  The BCA has introduced the tri-ship programme apprenticeship, scholarship, and sponsorship, reportsMINDY CONSTRUCTION MINDY TAN THAT the construction industry is in sore need of fresh talent is nothing new to the industry, or the authorities. According to the Building and Construction Authority (BCA), about 10 per
      BLOOMBERG FILE PHOTO; Source: Building and Construction Authority  -  1,059 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon RBA to revamp retail payments
      599 14 It will release its strategic review of innovation in coming weeks spending, it said. Bloomberg [SYDNEY] The Reserve Bank of Australia (RBA) is stepping up its focus on financial stability in the nation’s payment system and embracing greater innovation on transactions, governor Glenn Stevens said.
      spending, it said. – Bloomberg; BLOOMBERG  -  599 words
    • Article
      Lock icon BOJ to counter perception of automatic asset purchases
      332 14 Bloomberg [TOKYO] Bank of Japan (BOJ) board members have said that they need to counter the mistaken perception that central bank asset purchases will automatically increase, the minutes of a meeting last month show. “Members made note of some misunderstanding that the
      – Bloomberg  -  332 words
    • Article
      Lock icon Thailand’s factory output rises for first time since floods
      393 14 April output increases 0.54% from year before; hit sectors recovering Reuters [BANGKOK] Factory output in Thailand rose in April for the first time since severe flooding disrupted industry late last year, but economists said that interest rates would continue to be
      – Reuters  -  393 words
  • Page 14 Advertisements
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      2007 14 a* notices 1 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED (Incorporated in The People’s Republic of China) Head Office 55 Fuxingmennei Dajie, Xicheng District, Beijing, China Tel: 86-10-6610 6027, 6610 6026 Tlx: ***** ICBHOCN Fax: (10) 6610 6011 Singapore Branch 6 Raffles Quay #12-01,
      2,007 words
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  • BUSINESS Superbrands FEATURE
    • Article, Illustration
      Lock icon Singapore’s Most Respected B2B Brands
      865 15 Three homegrown brands make it to Singapore’s Top 10 most respected B2B brand list. SAP has been ranked as the most respected B2B brand in Singapore, according to a new survey of leading business brands commissioned by Superbrands and conducted by BDRC Asia during the
      865 words
    • Article, Illustration
      Lock icon Sweet Secrets of Success
      705 15 Singapore’s largest supplier of high quality sugar to the F&B industry, SIS, looks poised to hit more sweet spots for industry customers here and abroad. In business for more than 45 years, SIS (SIS ’88 Pte Ltd) is a household name in Singapore. Commanding more than
      705 words
    • Article, Illustration
      Lock icon TransformingTo Deliver
      611 15 The changing demands of an increasingly digital marketplace have shaped SingPost into a leader delivering innovative solutions. Few companies can claim as rich a history as SingPost, an entity which traces the provision of postal services back to the founding of Singapore in 1819. But since its listing
      611 words
    • Article, Illustration
      Lock icon Grounded on Excellence
      714 15 With innovation and foresight, coupled with a customer-centric model, Ryobi Kiso constantly adapts to ever changing market conditions in expanding the footprint of its engineering services. Ryobi Kiso is synonymous with eco-friendly construction services, and rightfully so. With a successful track record, as a reliable ground engineering
      714 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M’sia draws RM20.5b of private investments
      518 16 Projects include RM12.5b GuocoLand devt, Infineon’s RM4b wafer fab [KUALA LUMPUR] Malaysia yesterday announced private investment plans worth a total RM20.5 billion (S$8.4 billion), seeking to bolster growth as Europe’s debt crisis threatens to slow expansion in Southeast Asia’s third-biggest economy. The investments include
      518 words
    • Article
      Lock icon Bank Indonesia will not levy new capital controls
      350 16 Reuters [JAKARTA] Indonesia’s central bank said yesterday that it has no intention of implementing new capital controls but is studying other options to manage rupiah and US dollar liquidity, as investors dump riskier emerging market assets and flee to the safety of
      – Reuters  -  350 words
    • Article
      Lock icon RHB Capital buying OSK’s investment bank
      317 16 Reuters [KUALA LUMPUR] Malaysia’s RHB Capital is buying OSK Holdings’ investment bank for RM1.95 billion (S$790.4 million), making RHB the country’s largest brokerage and boosting its investment banking presence in South-east Asia. The two companies announced yesterday the terms of the previously disclosed deal.
      – Reuters  -  317 words
    • Article, Illustration
      Lock icon Group Lotus CEO suspended
      422 16 Bloomberg [KUALA LUMPUR] Unprofitable luxury sports-car maker Group Lotus said chief executive officer Dany Bahar was suspended after a complaint from Malaysian parent DRB-Hicom about unspecified concerns over his conduct. The temporary suspension is meant to facilitate an investigation into the complaint, according to a Lotus
      – Bloomberg; BLOOMBERG  -  422 words
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      1711 16 Registered Office: Piazza San Carlo, 156 ***** Torino. Secondary Registered Office: Via Monte di Pieta, 8 ***** Milano. Intesa Sanpaolo S.p.A. Singapore Branch: 6 Temasek Boulevard #42-04/05, Suntec Tower Four, Singapore *****6 Consolidated Balance Sheet As of 31 December 2011 (millions of Euro) 31.12.2011 31.12.2010 Assets Cash and cash equivalents
      1,711 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India, Myanmar ink deals in security, trade
      571 17 India will also provide US$500m credit, support infrastructure AFP, AP [NAYPYIDAW] India’s prime minister signed a raft of deals with Myanmar yesterday in a historic visit aimed at boosting trade and energy links and contesting the influence of regional rival China. Manmohan Singh,
      AFP,; AP  -  571 words
    • Article
      Lock icon China fast-tracks infrastructure projects
      317 17  -  By FREDERICK YEUNG [BEIJING] The National Development and Reform Commission (NDRC), China’s top economic planning body, is speeding up the approval of infrastructure investment projects in a bid to drive economic growth amid the sluggish macro environment. The commission approved 92 investment projects across the nation
      317 words
    • Article
      Lock icon Private equity funds buy stakes in Indian hospitals
      412 17 Bloomberg [MUMBAI] Indian hospitals are admitting more than just patients. Private equity funds such as Sequoia Capital and Advent International are buying stakes in hospitals in the South Asian nation, lured by a market that is forecast to reach more than US$80
      – Bloomberg  -  412 words
  • Page 17 Advertisements
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      2040 17 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF Asiasons WFG Securities Pte Ltd. (In Members' Voluntary Liquidation) Reg No. *****0646M NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at
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  • WORLD
    • Article, Illustration
      Lock icon Spanish debt yields jump, Bankia shares plunge after bailout plan
      839 18 Spanish PM blames eurozone crisis for rising borrowing costs Reuters [MADRID] Spanish debt yields jumped and shares in Bankia SA plunged to record lows yesterday after the government, struggling to sort out its finances, put forward a plan to revive
      – Reuters; AP  -  839 words
    • Article
      Lock icon IMF chief riles Greeks as election looms
      475 18 AFP [ATHENS] Political leaders in Athens and thousands of Internet users have rounded on IMF chief Christine Lagarde for branding Greeks tax-dodgers, as parties went on the campaign trail for next month’s elections. Socialist leader Evangelos Venizelos accused Ms Lagarde on Sunday of
      – AFP  -  475 words
    • Article, Illustration
      Lock icon Eurozone crisis will cast shadow on G-20 summit
      730 18  -  Policymakers to face complex, difficult choices By MALMINDERJIT SINGH in Singapore POLICYMAKERS at the G-20 summit next month face difficult and contrasting choices to help nudge the global economy back on track, but the world’s two biggest economies will play a key
      FILE PHOTO  -  730 words
    • Article
      Lock icon Blair: I took decision not to confront media
      347 18 AP [LONDON] Former prime minister Tony Blair yesterday testified he never challenged the influential British press because doing so would have plunged his administration in a drawn-out and politically damaging fight. Mr Blair led Britain from 1997 to 2007, and his Labour
      AP  -  347 words
    • Article, Illustration
      Lock icon London improves transport networks for Olympics
      645 19 Capacity increased on train, subway lines; residents warned off streets NYT [LONDON] Scaring residents off the streets is only one way that London is preparing for the influx of athletes, officials, spectators and sponsors during the Olympics. They have been advised to leave home
      – NYT; AFP  -  645 words
    • Article, Illustration
      Lock icon Japan chips giant to step up outsourcing
      505 20  -  Renesas’s deal with Taiwan’s TSMC reflects loss of competitive edge By ANTHONY ROWLEY in Tokyo JAPAN’S struggling semiconductor giant, Renesas Electronics Corp, yesterday unveiled plans to outsource more production of automotive microcontroller chips to Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract
      REUTERS  -  505 words
    • Article
      Lock icon Thai rice crop forecast to rise 20%
      358 20 Reuters [BANGKOK] Thailand is forecast to produce 24 million tonnes of paddy from its main crop due to be harvested from October, up 20 per cent from 20 million tonnes in the 2011/12 crop year, a senior Agriculture Ministry official said yesterday. Thailand
      Reuters  -  358 words
    • Article
      Lock icon Olympus ex-CEO said to seek US$60m in UK lawsuit
      266 20 Bloomberg [TOKYO] Olympus Corp former chief executive officer Michael Woodford will seek US$60 million in a lawsuit in the UK against the Japanese camera maker over his dismissal, according to a person familiar with the claim. Mr Woodford, fired after he
      – Bloomberg  -  266 words
    • Article
      Lock icon Cardinal a leading mole in Vatileaks scandal: report
      280 20 AFP [ROME] An unnamed cardinal is suspected of being a leading mole behind a series of embarrassing leaks of confidential papal documents, the Italian media reported yesterday. “A cardinal led the crow,” read the headline in Il Messaggero, referring to Pope Benedict
      – AFP  -  280 words
    • Article
      Lock icon TNK-BP CEO quits, Russia oil firm’s row deepens
      234 20 Bloomberg [MOSCOW] TNK-BP said Mikhail Fridman resigned as chief executive officer, deepening a dispute between BP plc and a group of billionaires for control of Russia’s thirdlargest oil producer. Mr Fridman’s resignation is effective in 30 days, Moscow-based TNK-BP said in a
      – Bloomberg  -  234 words
  • Page 18 Advertisements
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      720 18 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices JPMorgan Chase Co. Parent company of JPMorgan Chase Bank, National Association JPMorgan Chase Co. JPMorgan Chase Co. Condensed Consolidated Statement of Income Condensed Consolidated Balance Sheet Year ended December 31, 2011 December 31, 2011 Assets In millions Cash and due from banks 59,602 Deposits
      720 words
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  • Page 19 Advertisements
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      1069 19 notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Head office State Street Financial Center, One Lincoln Street, Boston, Massachusetts *****-2900, United States Singapore office 168 Robinson Road, #33-01 Capital Tower, Singapore *****2. Tel: +65 6826 7100 CONSOLIDATED STATEMENT OF INCOME Years ended December 31, 2011 2010 (Dollars in millions, except per
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      654 19 Financial Statements 2011 HSBC Private Bank (Suisse) SA Balance sheet at 31 December 2011 Depositors with HSBC Private Bank (Suisse) SA in Switzerland have certain protections under Swiss law in the event of bank insolvency which are not available to depositors with the Singapore branch. However, depositors' money with the
      654 words
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  • Page 20 Advertisements
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      854 20 a* WATS NOTICES I Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LERENO BC Investing for the Next (generation LERENO BIO-CHEM LTD (Incorporated in the Republic of Singapore) (Company Registration Number: *****1961C) NOTICE OF CHANGE OF SHARE REGISTRAR AND WARRANT AGENT AND PLACE WHERE REGISTER OF MEMBERS AND INDEX IS KEPT The
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      232 20 IN THE MATTER OF THE COMPANIES ACT, CAP, 50 AND IN THE MATTER OF MYOB SINGAPORE PTE LTD (Company Registration No. *****421 OH) (IN MEMBERS’VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members
      232 words
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      23 20 www.omy.sg tBISSSIRS UPl xmnnm Vice Ring Probe v Available on •nium »ik mtiLmmpm: mmm. bb^ l/IL mW% liR a a a T«aJ¥a£ www.omy.sg
      23 words
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  • SINGAPORE ARTS FESTIVAL
    • Article, Illustration
      Lock icon Murakami for the MTV generation
      530 21  -  The Wind-Up Bird Chronicle was dressed up with puppetry, video projections, flashy lighting and live soundscapes, reportsHELMI YUSOF reportsHELMI HELMI YUSOF JAPAN’S most celebrated novelist Haruki Murakami rarely deigns to have his stories adapted for another medium. So when an adaptation like this comes along,
      530 words
    • Article, Illustration
      Lock icon Old, new audacity coming together
      510 21  -  The Rite of Spring to be served three ways this weekend By CHRISTOPHER LIM A BAN on official prequels to Igor Stravinsky’s The Rite of Spring won’t stop the Singapore Arts Festival from serving the Russian classical music composer’s masterpiece three ways this weekend. The
      510 words
    • Article, Illustration
      Lock icon Honest sex talk gives sense of empowerment
      847 21  -  By CHEAH UI-HOON ONE of the more risque events in the Singapore Arts Festival featured older women talking about their sex lives. Whether one went to watch The Best Sex I Ever Had with trepidation or anticipation or an equal mix of both
      847 words
    • Article, Illustration
      Lock icon Advanced Studies fails to stimulate
      434 21  -  By RACHEL AU-YONG, RACHEL LOI ADVANCED Studies In... is supposed to be a one-to-one crash course in challenging topics, taught by students doubling as teachers. Except that it felt more like an interrogation: a little uncomfortable and slightly nerve-wrecking. Oh, and the questions. Lots of
      434 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Mitigation, not regulation, the key to risk control
      1175 22  -  Financial loss is inevitable in commerce and trade; hard and fast rules will not prevent it By DAVID CHEW The writer is executive director, Enterprise Risk Services, Deloitte Singapore South-east Asia THE ongoing eurozone crisis and the recent unexpected losses suffered by
      YEN MENG JIIN  -  1,175 words
    • Article, Illustration
      Lock icon Too early to declare Greek, European Armageddon
      756 22  - Too early to declare Greek European Armageddon THE BOTTOM LINE NEIL BEHRMANN London Correspondent LEAKS from Brussels, Germany and Greece indicate that European, US and other governments are already putting into place contingency measures ahead of a potential Greece withdrawal from the eurozone. The pessimistic view which to a large
      756 words
    • Article
      Lock icon Reality bites Facebook IPO
      507 22 EDITORIAL MAYBE it’s just as well that social networking giant Facebook does not have a “dislike” button on its website. Its much-anticipated initial public offering (IPO) of 421 million shares worth around US$16 billion at the offer price of US$38 per share was the largest-ever by
      507 words
    • Article, Illustration
      Lock icon No signs that the India story is over
      1342 23  -  But there are several issues bugging the economy that can be tackled only by the government By S NARAYAN The writer is head of research and visiting senior research fellow at the Institute of South Asian Studies, an autonomous research institute at
      REUTERS  -  1,342 words
    • Article, Illustration
      Lock icon Asian high dividend stocks, company bonds looking good
      772 23  -  By HARMANDER MAHAL The writer is head of customer value management, HSBC Singapore GLOBAL stock markets saw considerable corrections following the strong rebound from Q4 last year to Q1 this year. Market performance was significantly subdued in May, as elections unfolded in
      772 words
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  • AVIATION
    • Article, Illustration
      Lock icon Start-up airlines find it tough to take off
      1000 24 They face high fuel prices, huge barriers to entry such as lack of airport gates NYT WHERE are the start-up airlines? With the big carriers cutting routes and raising fares, this would seem to be an ideal time for a new airline
      – NYT; AP  -  1,000 words
    • Article
      Lock icon CAAS dishes out more aviation incentives
      556 24  -  Aim is to improve productivity, access to new markets Reports by VEN SREENIVASAN THE Civil Aviation Authority of Singapore has rolled out more incentives under its $100 million Aviation Development Fund (ADF) to boost the competitiveness of Singapore’s aviation industry. The initiatives were unveiled
      556 words
    • Article
      Lock icon Changi, Narita deepen their bond
      176 24 CHANGI Airport Group and Narita International Airport Corporation have agreed to intensify their collaboration. The deal reaffirms the strategic relationship between the two airports to develop and expand their global air transport network and provide high quality services to users. The agreement allows for information
      176 words
    • Article
      Lock icon India ready to give tit for tat over EU emissions tax
      320 24 AFP [NEW DELHI] India may stop European carriers from flying into the country if the European Union bans airlines from the South Asian nation that boycott the EU’s new emissions fee system. “We will take retaliatory actions to counter
      – AFP  -  320 words
  • Page 24 Advertisements
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      109 24 Learn about investment through the Updated on a weekly basis Understand the meaning of various financial terminologies (such as “Dividend Payout Ratio” and “Stock Beta”) and how to use them Learn the basics of investing in shares Make sense out of all the financial mumbo-jumbo by visiting blog.shareinvestor.com Scan QR
      109 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      20 24 TODAY'S BEST MUSIC THE MOST FUN IN THE MORNINGS V (4 ROD MONTEIRO THE MARRIED MEN WEEKDAYS 6AM TO lOAM
      20 words
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 2
      299 24 CRYPTIC CROSSWORD Across 1 Workman’s top ass to raise extremes of excitement! (6,6) 9 Fork bit eating bad blood orange (9) 10 Beak accepts old form of execution (5) 11 Spouting platitude? (6) 12 Piercing Spartacus initially with spear (8) 13 Star opening with busty model (6) 15 Revered devout
      299 words
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  • SHIPPING
    • Article, Illustration
      Lock icon VLCC rates fall further with ample supply
      435 25 Charter costs show biggest weekly drop in 3 weeks; fleet expected to expand further Bloomberg [LONDON] Hire rates for the largest oil tankers hauling Saudi Arabian crude to Japan, the industry’s busiest trade route, had the biggest weekly drop in three weeks amid
      Bloomberg; BLOOMBERG  -  435 words
    • Article, Illustration
      Lock icon USS Iowa on its way to new home in S California
      465 25 AP [SAN FRANCISCO] A famed battleship that saw action during World War II and the Korean War and carried president Franklin D Roosevelt to a wartime summit travelled along the California coast on Sunday on its final voyage. The
      – AP; AP  -  465 words
    • Article
      Lock icon Transpetro suspends 16 ship orders
      247 25 Brazilian shipbuilder EAS told to secure technical partner Reuters [RIO DE JANEIRO] Brazil’s Transpetro, the transportation arm of state-run oil giant Petrobras, has suspended the purchase of 16 out of 22 oil ships ordered from EAS as part of its fleet-re-newal programme. Transpetro said in
      Reuters  -  247 words
    • Article
      Lock icon TRANSPORT STOCKS
      250 25 SGX '000 May 28 S$ +/-Vol CH Offshore 0.41 unch 121 Chuan Hup Hldg 0.22 unch 45 Cosco Corp 0.93 0.02 9103 s$ First Ship Lea 0.17 unch 1015 Freight Links 0.06 unch 971 Grand Banks unch unch 0 Jaya Hold Ltd 0.54 0.01 125 K1Ventures 0.10 unch
      250 words
    • Article
      Lock icon The Business Times Shipping times
      2119 26 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO
      2,119 words
  • Page 25 Advertisements
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      721 25 CUTTING-EDGE STRATEGIES FOR WORKPLACE SUCCESS Who should attend: Sales Managers, Account Managers/ Executives, Social Media Specialists, PMEBs, Directors, Team Leaders and other General Management Professionals Register at www.stjobs.sg/seminars STJOBS FULL-DAY WORKSHOPS 11 May, 2012 (Fri) 25 May, 2012 (Fri) Workshop A 21st Century Sales Leadership Skills SPH News Centre (9.00
      721 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3034 27 Transaction date: May 28 II 5 5 5 3 5 ft 3 5 1 t 1 I V r b 5 ng 3 e r i 9 2 f 3 's 2 a S s 5 HT r i ■x c -c > s« 1 W 5 i
      3,034 words
    • Article
      Lock icon SGX CATALIST
      187 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale Cooo) High Low Buyer Seller Cvr P/E $mil 6.6
      187 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7907 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FundCI A!” AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited Asian Local £cy SD Bond 0.9986/ EM local Ccy Bond
      7,907 words
    • Article
      Lock icon GLOBALQUOTE
      229 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 46 25.5 Genting HK US$ US31 unch 4687 31.5 30.5 31 31.5 2041.2 Vol 201 168 TanChongInt HK185cd 182 190 4.3 3.8 6.2 3725.7 STOCK PRICES
      229 words
    • Article
      Lock icon SGX ETF
      905 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 113 ABF SG Bond ETF 118.1 -0.9 24 118.1 118.1 118 119 539.1 103 95.8 CIMB APAC Div 100US$ US96 1 96 96 96.1 97.1
      905 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      595 29 May 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8604.99 8624.51 8568.87 Jun12 8600.00 8625.00 8565.00 8605.00 ***** *****2 Sep12 8610.00 8610.00 8560.00 8595.00 1606 ***** MSCI TAIWAN INDEX FUTURES SPOT 252.12 254.96 251.31 May12 252.60 255.10 250.90 254.50 ***** *****1 Jun12 252.00 254.30
      595 words
    • Article
      Lock icon CHICAGO BOT
      107 29 May 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1382.00 1376.00 1386.50 1371.50 Aug 12 1362.00 1356.25 1365.50 1353.00 Sep 12 1321.75 1313.25 1323.75 1308.00 Nov 12 1289.25 1276.25 1290.00 1268.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 50.12
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 29 CRUDE OIL PRODUCTS May 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.27 0.55 WTI (Near Mth) 90.84 0.45 Dubai (1-Mth F) 103.82 1.25 Tapis blend 114.88 1.20 Minas 114.68 1.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.56 2.34 Jet Kerosene 120.14 1.20 US$/barrel OpecOil Basket
      76 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 May 28 S$ Bid Offer 1-month 1.2754 1.2765 2-months 1.2754 1.2764 3-months 1.2753 1.2763 6-months 1.2744 1.2755 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      65 29 May 25 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1976.25 1977.25 3 months 2013.50 2015.00 Copper, Grade A(US$/tonne) Cash 7671.00 7655.50 3 months 7639.00 7610.00 Lead(US$/tonne) Cash 1937.75 1947.25 3 months 1950.00 1959.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      65 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr May 25 Index Change Change Change Change Change Change World Preliminary 844.1 0.1 1.7 0.3 -0.6 0.0 0.7 EAFE Preliminary 667.7 0.0 -2.1 0.0 -5.7 -0.3 -4.4 Europe Preliminary 995.3 0.1 -3.0
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      95 29 Man www.nnk.tfim \i WttttlUD L OH □me vm iH.imii niBIfffJ fV AUIMJMHDI tiJNifll'i ivii UiP fm AMR 1 tt'l VWJ '•I MU I.ARro H:// I'lM CASE MHAL COfm i\Ti aii/urt '•W> w ltM\) INOfX iflOW I H>6 WQD) )i» n 11 MAV w\i (Italic .MHiujiiwrut ww; *n
      95 words
    • Article
      Lock icon LIFFE
      80 29 May 25 COCOA (£/tonne) Close Prev High/Low Jul 12 1476 1473 1485/1467 Sep 12 1468 1462 1473/1457 Dec 12 1447 1443 1453/1438 Mar 13 1425 1425 1432/1420 COFFEE(US$/tonne) Close Prev High/Low May 12 2215 2200 2226/2198 Jul 12 2241 2223 2249/2213 Sep 12 2218 2213 2229/2199 Nov 12 2202
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      457 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 300 9.38 24 ('000) Conv Baker Technology Ltd W*****6 1 1 32 22 27.00 6 Exer Price Prem Disc Gearing Expiry Mths 1 FTSEChinaA50 8200
      457 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 29 May 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2579 1.2591 0.9862 0.9864 Canadian dollar 1.2450 1.2467 0.9761 0.9767 Euro 1.6051 1.6069 1.2584 1.2588 NZ dollar 0.9718 0.9731 0.7619 0.7623 Sterling pound 2.0022 2.0042 1.5697 1.5701
      154 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 29 May 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.010 6.257 0.784 7.655 54.599 92.959 0.783 11.693 3.101 1.294 90.917 42.929 1.259 8.197 0.943 29.210 31.172 0.628 0.986 Canada 0.990 6.194
      470 words
    • Article
      Lock icon SIBOR
      56 29 May 28 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (SS) 1 yr 0.*****
      56 words
    • Article
      Lock icon PRECIOUS METALS
      136 29 May 28 GOLD(US$/oz) May 25 May 28 Hong Kong 1570.00 1590.00 May 28 May 24 May 25 London 1571.40 1565.88 1572.20 1566.63 Source: Thomson Reuters CAST BAR May 28 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 156 65 5gm 442 324 10gm
      136 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      85 29 May 28 May TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 30-Aug-12 0.29 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.03 100.07 100.05 5-Year N*****0Z 2.375 01-Apr-17 108.68 108.8
      85 words
    • Article
      Lock icon PALM OIL
      58 29 May 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 3130.0 3100.0 3139.0 3120.0 352 2566 Jul 12 3154.0 3130.0 3158.0 3133.0 2391 ***** Aug 12 3141.0 3130.0 3158.0 3129.0 ***** ***** Sep 12 3137.0 3123.0
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am May 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.284 1.223 Can dollar 1.273 1.213 Euro 1.641 1.563 Sterling pound 2.039 1.961 NZ dollar 0.998 0.951 US dollar 1.294 1.245 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 29 May 28 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12
      154 words
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  • PROPERTY
    • Article
      Lock icon Goldman Sachs returns to Japan property
      485 30 It aims to raise 400b yen for privately held real estate trust Reuters [TOKYO] Goldman Sachs is returning to the Japanese property market after a four-year hiatus, looking to raise as much as 400 billion yen (S$6.4 billion) over four years for a privately
      Reuters  -  485 words
    • Article, Illustration
      Lock icon Squatters occupy Spain’s empty houses
      777 30 Reuters [SEVILLE, Spain] Sleeping on inflatable mattresses with just a few boxes to hold their belongings, 32 families have occupied an empty new apartment block in Seville in southern Spain to put a roof over their heads after being thrown out of their own homes.
      Reuters; REUTERS  -  777 words
    • Article, Illustration
      Lock icon For sale: large house, ex prison
      1157 31 To cut costs, New York is selling prisons that have been shut down opportunity.” NYT ONE property, in the Hudson Valley, includes a 16-car garage, a piggery and hundreds of yards of lake frontage. Another offers 69 acres of waterfront land on the west
      opportunity.” – NYT; BLOOMBERG  -  1,157 words
    • Article
      Lock icon More rogue property agents surfacing
      389 32  -  Council for Estate Agencies advises clients to check that agent is registered By MICHELLE TAN [SINGAPORE] As public awareness of unregistered property sales people gains traction, more rogue agents are expected to be uncovered. In fact, the Council for Estate Agencies (CEA), which helps regulate
      389 words
    • Article, Illustration
      Lock icon US$7b wiped off Sun Hung Kai Prop’s value
      730 32 Reuters [HONG KONG] More than US$7 billion has been wiped off the market value of Sun Hung Kai Properties since the billionaire Kwok brothers who run Asia’s biggest developer were arrested in a corruption investigation in late-March, sapping shareholder confidence in the
      – Reuters; AP  -  730 words
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      78 30 SIM LIM SQUARE PRIME SHOP UNITS FOR SALE Various sizes Prime location, short walk to Bugis MRT station, Little India MRT station and future Rochor MRT station Selling with tenancy, very high rental yield Well-patronized and heavy human traffic Motivated seller thowming.liang@credo.com.sg (CEA Regn No: R*****5F) kylee.phi@credo.com.sg (CEA Regn No:
      78 words
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      Lock icon Page 30 Advertisements Column 2
      126 30 NASSIM GCB Sought after location. Elevated land approx 84,500 sqft Super wide frontage. Auspicious no. Potential for 5 GCBs. Rarely avail! CBRE Luxury Homes Douglas Wong *****193 CBRE CEA Reg No. R*****8J License No. L*****631 Dream office, fully equipped, perfect price? Yes. Offices from $25 per person per day Regus
      126 words
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      Lock icon Page 30 Advertisements Column 3
      259 30 SIT AUCTION v on ii iMr~ oni 9 Real value in a changing world 50 LOYANG WAY A single-storey JTC factory with mezzanine level Land Area: Approx. 74,401 sq ft Gross Floor Area: Approx. 28,344 sq ft Tenure: 30 years wef 1/5/1984 30 years Vacant possession M 'III il For
      259 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      66 31 CHINATOWN RD NEIL RD EASTCOASTPARKWAY(ECP) SOUTHBRIDGE OUTRAM PARK INTERCHANGE RAFFLES PLACE INTERCHANGE Maxwell Road Food Court CANTONMENTRD MAXWELL RD Lau Pa Sat Red Dot ROBINSON RD SHENTON WAY SGX Centre TANJONG PAGAR Marina Bay Financial Centre ENGGOR ST Singapore Conference Hall ANSON RD BAYFRONT M Hotel Marina Bay Sands MAS
      66 words
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